Waxahachie Bank and Trust Company
Waxahachie, TX · Owner: Bankers Southwest Corp
$68.9M
total assets, June 30, 1987
$68.9M
total assets, June 30, 1987
Waxahachie Bank and Trust Company was a state nonmember bank in Waxahachie, TX, owned by Bankers Southwest Corp. It failed on Sep 10, 1987, and Merchants State Bank took over its deposits. At its last report it held $68.9 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Sep 10, 1987
- Assets
- $68.9M
- Deposits
- $66.2M
- Estimated cost
- $21.7M
- Deposits went to
- Merchants State Bank, Dallas, TX
Total assets
$68.9M
-12.1% in a year · +2.5% in a quarter
Deposits
$66.2M
-8.1% in a year · +3.1% in a quarter
Loans
$38.0M
-27.0% in a year · -3.8% in a quarter
Profit so far
-$1.2M
Jan 1 to Jun 30, 1987
Capital ratio
2.71%
-3.23 pts in a year
Return on assets
-3.52%
-2.56 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 806/810 Ferris Avenue, Waxahachie, TX, 75165
- County
- Ellis
- Holding company
- Bankers Southwest Corp
- Established
- Jan 1, 1932
- Failed
- Sep 10, 1987
- Employees
- 44
- Id
- b10711
Quarter by quarter
March 31, 1984 to June 30, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Waxahachie Bank and Trust Company?
$68.9 million in total assets and $66.2 million in deposits as of June 30, 1987, with assets down 12.1% from a year before. Its loans were $38.0 million.
Is Waxahachie Bank and Trust Company profitable?
No: it lost $1.20 million from January 1 to June 30, 1987. Its return on assets was -3.52% a year; about 1% is typical.
Who owns Waxahachie Bank and Trust Company?
Waxahachie Bank and Trust Company is owned by Bankers Southwest Corp, its holding company.
When did Waxahachie Bank and Trust Company fail?
Sep 10, 1987. Merchants State Bank of Dallas, TX took over its deposits. The estimated cost of the failure was $21.7 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.